If asked to name the top performing commodity of the past decade, not many would answer silver because of its notorious volatility. Yet, according to Lloyds TSB, silver prices have delivered the best gains since 2002.
The gold price rose sharply against all major currencies on Wednesday morning, touching near-two-week highs against the dollar even as the US currency rose amid fresh European debt and budget concerns.
The recapitalisation aspects of the October rescue packages have been widely analysed by the world's most effective think-tank in this crisis - the blogosphere. Here finance professors from LBS and NYU evaluate the rescue packages' loan guarantees. The U.K. scheme has the flavour of a small tax, and is partly market-reliant; The U.S. plan has the flavour of a $50 billion subsidy, and is almost fully government-reliant. Which scheme works better may depend upon the depth of the coming recession.